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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1605 Leland Ave Middle River, MD 21220

0 Beds 1 Baths 1,404 sqft Built 1924
Last updated:  Oct 30, 2017

INVESTimate

$186,903

$178K - $196K

Price Est.

$1,688

$1.5K - $1.8K

Rent Est.

$192,772  ( +3.14%)   1 YR EST. FORECAST
  
  
  

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1605 Leland Ave PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $133.12
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,404 sqft
  • Baths : 1 Full

1605 Leland Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MIDDLESEX ELEMENTARY SCHOOL Primary Regular 530 33 4
STEMMERS RUN MIDDLE SCHOOL Middle Regular 681 51 5
KENWOOD HIGH IB AND SPORTS SCIENCE SCHOOL High Magnet 1,728 117 4

MIDDLESEX ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 33
4
GreatSchools Rating

STEMMERS RUN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 51
5
GreatSchools Rating

KENWOOD HIGH IB AND SPORTS SCIENCE SCHOOL

  • Education Level: High
  • # of students: 1,728
  • # of teachers: 117
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Middle River

  • 25,538

    POPULATION
  • 9,463

    HOUSEHOLDS
  • 56.5%

    WHITE COLLAR

Neighborhood : Middle River

HOUSEHOLDS
9,463
POPULATION

25,538

37.3%Renters
62.7%Home Owners
LABOR FORCE

 

56.5%White Collar
43.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,659 per month.

MY RENT : $1,659 MEDIAN RENT : $1,428

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 64.7%
>=$1,500 35.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,659 would therefore be considered affordable for annual household incomes greater than $66,360 (12 months x 3.333 x $1,659).

Rent % Affordability
Above $500 87.1%
Above $700 78.4%
Above $1,100 61.7%
Above $1,500 43.9%
Above $1,900 31.7%
HOUSEHOLD INCOME RANGE

Approximately 2,594 of households in this neighborhood have a total annual income of $66,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,659 per month.

MINIMUM INCOME RANGE : $66,360

Income % Distribution
<$20K 12.9%
$20K-$35K 15.9%
$35K-$60K 27.3%
$60K-$100K 24.8%
>=$100K 19.1%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 6.9%
10-14 mins 9.4%
15-19 mins 13.8%
20-29 mins 18.4%
30-44 mins 27.5%
45-59 mins 10.3%
>60 mins 12.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,659 per month.

MY RENT : $1,659 MEDIAN RENT : $1,428

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 64.7%
>=$1,500 35.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,659 would therefore be considered affordable for annual household incomes greater than $66,360 (12 months x 3.333 x $1,659).

Rent % Affordability
Above $500 87.1%
Above $700 78.4%
Above $1,100 61.7%
Above $1,500 43.9%
Above $1,900 31.7%
HOUSEHOLD INCOME RANGE

Approximately 2,594 of households in this neighborhood have a total annual income of $66,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,659 per month.

MINIMUM INCOME RANGE : $66,360

Income % Distribution
<$20K 12.9%
$20K-$35K 15.9%
$35K-$60K 27.3%
$60K-$100K 24.8%
>=$100K 19.1%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 6.9%
10-14 mins 9.4%
15-19 mins 13.8%
20-29 mins 18.4%
30-44 mins 27.5%
45-59 mins 10.3%
>60 mins 12.3%

Middle River Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.6%
Construction 7.9%
Educational Services 9.2%
Health Care & Social Assistance 16.9%
Public Administration 8.5%
Retail & Wholesale Trader 15.5%
Other 33.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 35% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 22.1%
15-19 6.0%
20-24 7.0%
25-44 28.2%
45-65 24.8%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.9%
Healthcare 11.9%
Management, Business, & Financial 15.5%
Natural Resources Maintenance 10.8%
Production & Transportation 13.7%
Sales & Office 24.7%
Other 17.5%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.6%
High School 38.4%
Masters Degree 5.0%
Some College 21.7%
Some High School 15.4%
Other 12.0%

1605 Leland Ave Comps

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1605 Leland Ave, Middle River, MD 21220 is a single family home of 1,404 sqft. HomeUnion INVESTimateĀ® for 1605 Leland Ave includes a Price Estimate of $186,903 and a Rent Estimate of $1,688. This single family home has 0 bedrooms,1 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 10.84% and Total Return of 24.24%. The estimated 1 year forecast in home value for 1605 Leland Ave is 3.14%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , BALTIMORE County , or the 21220 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2